To be sure, Saudi Arabia has a massive pile of foreign exchange that will allow it to weather the oil price downturn for years, although few expect oil prices to remain below $40 for that long. Still, the Saudi government surely does not want to burn through all of its cash reserves. In fact, Saudi reserves dropped below $600 billion for the first time in almost four years. The OPEC member burned $14.3 billion in January, the third month in a row that it used more than $10 billion. Is recently as the summer of 2014, Saudi Arabia’s foreign exchange sat well above $700 billion.

It now appears that the Saudi government wants to turn to international lenders to help plug the budget hole. As one of the world’s largest oil producers with a huge war chest of cash reserves, Saudi Arabia shouldn’t have trouble finding any lenders. Not only that, but Reuters says that banks might be eager to lend to Saudi Arabia because it could improve their chances of being selected to conduct the bond offering that Saudi Arabia is planning on holding later this year.

Still, borrowing costs will likely be much higher than what would have been offered a year or two ago. For example, Qatar took a $5.5 billion loan from international lenders in January, much lower than the expected $10 billion that was anticipated, reportedly because the offered interest rates were too high.

Really? That's like saying my business has $600,000 in the bank but I want to borrow $10,000. And I have the ability to manipulate my business market sector such that I could increase my revenue stream per unit by 200% to 300% any time I want. Talk about having your cake and eating it too!